Triasima Portfolio Management inc. Purchases New Position in Enerflex Ltd. $EFXT

Triasima Portfolio Management inc. purchased a new stake in shares of Enerflex Ltd. (NYSE:EFXT) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 138,270 shares of the company’s stock, valued at approximately $2,134,000.

Several other institutional investors also recently bought and sold shares of EFXT. SG Americas Securities LLC purchased a new position in Enerflex during the fourth quarter valued at approximately $119,000. D Orazio & Associates Inc. raised its position in Enerflex by 14.8% during the third quarter. D Orazio & Associates Inc. now owns 11,580 shares of the company’s stock valued at $125,000 after acquiring an additional 1,497 shares in the last quarter. Shelton Capital Management acquired a new position in shares of Enerflex in the third quarter worth about $136,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Enerflex in the third quarter worth about $138,000. Finally, Prelude Capital Management LLC acquired a new position in shares of Enerflex in the third quarter worth about $147,000. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EFXT. Zacks Research upgraded shares of Enerflex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Wall Street Zen downgraded shares of Enerflex from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 7th. Raymond James Financial downgraded shares of Enerflex from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, February 3rd. Royal Bank Of Canada upped their price objective on shares of Enerflex from $20.00 to $26.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 14th. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of Enerflex from $16.75 to $25.50 and gave the stock a “neutral” rating in a research report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Enerflex has a consensus rating of “Moderate Buy” and a consensus price target of $25.75.

Enerflex Trading Down 0.1%

Shares of Enerflex stock opened at $27.13 on Monday. The company has a market cap of $3.31 billion, a P/E ratio of 53.19 and a beta of 1.93. The firm has a 50-day simple moving average of $22.05 and a two-hundred day simple moving average of $17.52. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.13. Enerflex Ltd. has a fifty-two week low of $6.46 and a fifty-two week high of $27.26.

Enerflex Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 11th were paid a dividend of $0.0425 per share. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.6%. Enerflex’s payout ratio is currently 23.53%.

Enerflex Profile

Enerflex Ltd is a Calgary?headquartered energy infrastructure company specializing in the design, fabrication, installation and aftermarket support of natural gas compression, processing, refrigeration and treatment equipment. Its product portfolio includes reciprocating and centrifugal compression systems, gas treating and refrigeration packages, fuel gas conditioning and liquid separation solutions. In addition to equipment sales, Enerflex delivers field services such as commissioning, maintenance, monitoring and parts supply to optimize asset performance throughout the lifecycle.

The company supports upstream, midstream and downstream energy customers through an integrated offering that spans engineering, procurement and construction (EPC) as well as modular fabrication.